Can't trust S&WB with rate hike, letter says

this is a discussion within the NOLA Community Forum; New Orleans Inspector General Ed Quatrevaux told Mayor Mitch Landrieu today that the Sewerage &amp; Water Board (S&amp;WB) shouldn?t be allowed to manage any more money ? unless it does so under intense scrutiny ? because it is ?the most ...

New Orleans Inspector General Ed Quatrevaux told Mayor Mitch Landrieu today that the Sewerage & Water Board (S&WB) shouldn?t be allowed to manage any more money ? unless it does so under intense scrutiny ? because it is ?the most likely of the City?s component entities to engage in fraud, waste, and abuse according to standard risk assessment technology.?

In a letter to the mayor dated today (Tuesday, July 31), the inspector general proferred comments about the S&WB so solutions to potential problems he pointed out could be addressed in the legislation necessary to enact S&WB rate hikes.

Quatrevaux pointed out problems that could make the S&WB pension plan unsustainable, waste and possible fraud in employee insurance programs and publicly funded take-home cars (one of every seven S&WB employees has a take-home car).? [ Read more ]